U.S. markets were set to open with modest losses, as S&P 500 futures dipped 2.25 points to 1,340.25 Friday morning.
Gold rebounded back above $1,600 per ounce following yesterday’s slide, as did silver. Gold’s sister precious metal added $0.55 to $39.88 per ounce.
Aurizon Mines Appoints George Paspalas as CEO
AURIZON MINES (ARZ.TSX, AMEX: AZK) announced that George N. Paspalas has agreed to join the Company as President and CEO and as a member of the Company’s Board of Directors, effective August 15, 2011. David Hall will continue as President and CEO until August 15, 2011 and, following Mr. Paspalas’s appointment, will continue to serve the Company as Chairman of the Board. Full Aurizon Mines Press Release.
David Hall, President, CEO, and Chairman:
"George brings extensive operational and executive experience to his new position with Aurizon and has the skills and experience necessary to manage and build the Company’s growth profile, establish new opportunities and capitalize on other strategic initiatives. His strong leadership skills, combined with a successful track record of value creation and team building will fit in well with Aurizon’s corporate culture."
HIGHLIGHTS:
- Mr. Paspalas has spent 14 years in senior management positions, most recently as the COO of Silver Standard Resources (SSRI).
- He previously held senior management positions with Placer Dome Inc., including Executive Vice-President and Senior Vice President Projects – Technical Development and as President and CEO of Placer Dome Africa.
- During his career, Mr. Paspalas has been responsible for constructing and operating complex open pit and underground mines in South Africa, Tanzania, Australia, South America and Canada.
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